ToniM
Level 2
03-26-2023
09:19 PM
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In preparing the 2023 and 2024 estimates from the Tax Planner Worksheet, the software continues to use $6000 for an IRA contribution or $7000 for those 50 and older.
When will the software be updated?
When will the software be updated?
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GodFather
Level 8
03-27-2023
05:54 AM
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It should be changed but I imagine that is a low priority for them. Not suggesting it should be low. At this point in the season you would think that would already have been updated. With that said, the $500 difference is not going to impact that calculation significantly. Maybe provide the estimate the planner indicates and just let the client know that it is an approximate tax.
ToniM
Level 2
03-28-2023
11:53 AM
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I agree with you. I did manually calculate with the increase. Just took extra time at a busy time. Thanks for your reply
